Third Avenue Focused Credit Fund Institutional Class (TFCIX)

9.45
Net Asset Value
0.00%
1 Day
-2.38%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.88%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term total return, which may include investment returns from a combination of sources including capital appreciation, fees and interest income. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in bonds and other types of credit instruments. It intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund is non-diversified.

Performance

1 month+1.28% 3 years+6.75%
3 months+1.67% 5 years+6.68%
1 year-14.14% Since inception+7.29%
Data through --

Peer Comparisonvs. High yield bond

 TFCIXCategory
Performance 5-yr return+6.68%+7.45%
Expense ratio0.88%1.11%
Risk 5 year sharpe ratio0.661.17
Net assets$2.5B$1.5B
Average market cap--$12.4B
Average P/E--21.0
Portfolio turnover53%53%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureThomas LaPointe / 4 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

Fixed income68.61%
Cash21.80%
U.S. stock4.95%
Other4.44%
International stock0.21%
Top 5 Sectors
Portfolio weighting
Financial service 76.21%
Media 23.79%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
-- 5.24%
-- 4.42%
-- 3.95%
-- 3.44%
-- 2.96%
-- 2.32%
-- 2.31%
-- 2.01%
-- 1.63%
-- 1.58%

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